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The widely differing terms of overpayments
Hello, Me and the GF are looking into Mortgages in preparation for possibly putting in a offer for a house in the not too distant future. We have decided that a 5 year fixed rate would be best for us at the moment, but are also keen to have the ability to overpay by a reasonable amount. My question is, many of the…
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What A Wonderful Endowment Payout!!!
Hi Everyone, I thought I would share this story with you all. To some it may offer comfort as you will or have been in this situation. To others it could be used to warn you of what might happen to your cash in 20 years time! 20 years ago we took out an endowment to protect a "top up" on our mortgage when we moved to a…
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Aviva Reattribution Policy Not Eligible
Morning all. Sorry for maybe a dumb question. Having recently received a letter about the reattribution it states that my policy is not eligible. The policy is a with profits endowment policy taken out in June 1990 with the Norwich Union. I have not spoken to Aviva yet but forewarned is forearmed if needs arise. Many…
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AIP Question
Hi, First time buyer here - I went through a telephone application (my income was verified but not my partners, credit checks passed etc) with Natwest and have received a pack through the post. The front letter states "We are delighted to provisionally offer a mortgage of £xxxxxx........." Does this count as my AIP?
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Help with northern rock mortgage and break up
I think this has been answered before but I can't find anything on it: My ex partner left in october 2007, since then i have paid the mortgage myself until now. We purchased the house for 84k and took 100k in total, in June 2008 a house on same street went up for sale for 103k but not in as good condition as mine. I have…
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Breaking up / selling, renting, and the mortgage!
Any advice, suggestions etc welcome! My partner and I jointly own a house valued at £190k with a mortgage of £90k (covered by 3 endowments.. the first, mine, due to mature in 2 years, his plus a joint in 2018). He has a relatively secure job, in his early 50s and has good pension sorted. He has already received a mortgage…
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Co-operative Bank Overpayments Question
Hi, I'm looking for some advice from anyone making overpayments on a co-operative fixed mortgage. I have recently started making a regular overpayment on my mortgage. With the co-operative bank the overpayment goes into an overpayment fund rather than reducing the sum remaining each month. I then phone up and ask to use…
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moving to ireland
hey folks , i had already posted about this a few months ago and no takers , thought id give it another bash. im moving to dublin at the end of the year ,currently have a mortgage with nr ,almost positive we would break around even if we could sell just now but that doesnt include any fee's so really trying to avoid doing…
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Halifax stop gifted deposits - anywhere else accept them?
Hi there the subject line pretty much says it all....does anyone know of any other lenders accepting gifted deposits? thanks
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Remortgaging, can i use previous lenders facility ?
Hi Ive recently remortgaged from woolwich to cheltenham and gloucster, for some reason there was a shortfall of £300 and the woolwich mortgage is still active albeit with a £300 outstanding balance.also the current account reserve of £6k is still available too. I start making payments to c+g at the end of this month,…
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Alliance & Leicester valued house £70k below market value!!
I've just applied for a mortgage with Alliance & Leicester to remortgage and buy out my ex husband, and was sucessfully approved. The valuer came out on Wednesday and valued the house in which I'm currently living at £180,000 which is £70,000 below market value!! In April I had 3 different estate agents who valued the…
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Advice on flexible mortgages please
Hi, first time caller :eek: I want to get a mortgage that effectively gives me a facility to borrow money as and when and pay it back as and when. I believe that Northern Rock offer this and so do the One Account. Other flexible deals do not seem quite so flexible, e.g. First Direct require a current account and will only…
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I'm at a Loss. Break ups and mortgages. Help
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Mortgage Broker
Hi guys, Can anyone suggest a decent fees-free mortgage broker/IFA (if there is such a thing any more). I live in Coventry if it helps. Cheers, JR
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Mortgage Advice
Hello Everyone, I'm in a confused state over my mortgage so am hoping for some advice, I was on a 3 year fixed rate with the Halifax but that has just ended and although I'm quite pleased because the repayment has gone down about £100 per month I'm worried about it going back up. We're wanting to move in the next year so I…
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Overpaying Mortgage Advice
We have come to the end of our fixed rate of 5.29% and due to the Nationwide now valuing our house at approx 80% of what we paid for it 2 years ago they are not willing to offer another fixed rate as according to them we only have 4% equity now :confused: As a result for now this is good as our rate has dropped from 5.29%…
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Negative equity
Hi, Just an out there question. If i have negative equity and want to move, would the mortgage company allow me to sell and pay back the negative equity with some kind of loan. I would look to rent after i sell. I am currently with Northan Rock. Many thanks.
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Mortgage, remortgage or loan?
We currently have a 85,000 mortgage with RBS. Originally 54,000 endownment ends next summer, remainder repayment ends 2014 i think? As expected, despite doubling premiumns my endownments are still expected to shortfall by approx 10 - 15k. Is the better option to* Take a repayment mortgage for 10 - 15k to come in line with…
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First time mortgage - 100%, tracker, fixed??
My wife, son and I are looking to move back to Bedfordshire to be close to our family. We have considered buying a property, but have no savings as such. On looking at mortgages, I got dizzy and have started blurting out types during normal conversation, as the information has fried my brain. Any advice for first timers?…
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Remortgaging and the use of an IFA
Hi, Just some info on what happened to me recently. Me and my wife needed to remortgage to raise capital for a building project, this time last year it was no problem with our current lender (Nationwide), but because of the credit crunch their maximum was approx 75% of what we needed to borrow. We went to a whole of market…
